Revel CEO to bid on Morgan Stanley stake

Kevin DeSanctis, the CEO of Revel, plans to bid on the unfinished casino in Atlantic City. "I'm probably in a better position than anyone to understand the project at this point, having worked on it for the last 3 1/2 years," DeSanctis said. Revel investor Morgan Stanley intends to sell its $1.2 billion stake in the $2 billion project.